Mar 11 2021 at 09:04
EUR/USD is my favourite pair and I am glued to this pair only since long.
Mar 12 2021 at 06:39
In my opinion , major currencies like EUR, USD, JPY, GBP etc can be a few to keep in mind while trading for profit. Others currencies are also good but I think these pairs can be high riskier and less liquid too.
Mar 12 2021 at 07:10
from all trading pair i like most major , because its safe and sounds to me than others.
Mar 13 2021 at 17:20
LyudmilLukanov posted:
Major pairs are best to trade especially for new traders in my opinion.
Completely agree. :)
Mar 13 2021 at 18:18
Demo accounts are an essential part of learning to trade. Every beginner trader should do demo trading for at least 5 months. Demo trading is a must to gain basic knowledge. If you want to develop skills, you have to do demo trading.
To be honest, it was quite difficult to choose certain pairs for trading, because each pair has its own peculiarity.
Mar 29 2021 at 11:57
Most newbie traders usually trade a lot of pairs but to me that's not an ideal way to trade. Every currency pair has its own movement patterns. If one can understand that it becomes easier to trade. So it good to choose few pairs.
Mar 29 2021 at 13:51
It needs a lot of experiment to find a suitable pair. Most new traders do few months of demo and they think they get the edge. But it is not true. When they start trading live they lose money due to lack of experience.
Apr 01 2021 at 13:16
Choosing a pair can be difficult but if you make a detailed analysis about how a particular pair is doing in the market at the moment, it might work out fine.
Apr 01 2021 at 13:56
Most traders try to trade a lot pairs. But it is not a good idea to trade so many pairs. Trading few pairs will give more insights about those pair as you observe those pairs for a long time.
Despite the fact that brokers provide a large number of currency pairs that you can work with, it is best to have a few and completely focus on them.
Apr 03 2021 at 02:22
Since in beginner trader, most experienced trader suggested to choose pair with a low spread like as EURUSD, USDJPY, and till now I like with those pair too, but in my daily trading usually open multiple pairs, like as EURUSD, EURJPY. GBPJPY, GBPUSD, sometimes I work correlation between pair
Apr 03 2021 at 05:49
angelicafreeman posted:yup analysis is a perfect pair to choose a perfect pair to pick up from.
Choosing a pair can be difficult but if you make a detailed analysis about how a particular pair is doing in the market at the moment, it might work out fine.
Apr 09 2021 at 13:40
patriciablack posted:
Every pair moves differently in the market. It is up to you to decide which pair’s movement you understand the best and can trade for the long-term.
Very true. It depends on what style of trading you're doing too if you're scalping a fast pair is good if youre swinging a trending pair is best
May 07 2021 at 08:00
Chossing currency pairs is more of a personal preference. For example I personally like to play it safe and hence stick to majors mainly and that too not too many at a time.
May 07 2021 at 16:31
Choosing an fx pairs is easy - fine top 5 pairs with lowest spread then find the one that has a positive carry trade - only trade in the positive direction and get the rewards. Go with the flow , not against it
SofieAndreasen posted:I prefer USDJPY, don't ask me why, because I have the inside information of the fund, you can experience with me😄😄
Major pairs are more volatile than other pair. New traders should not use other than major pairs.
Yes every pair has something different to offer to a trader and they should really be careful with the one they are trading. Making a systematic analysis of a particular pair becomes very important for a trader.
May 26 2021 at 10:10
Just stick to EURUSD like most newbies. It is the best pair, most liquid with low spreads. Easy
May 28 2021 at 11:49
Personally I prefer GBPUSD. To choose or find your favourite pair, you have to select 2/3 pairs and observe them a lot. By scanning their charts regularly, you will be able to find some patterns that will give you extra benefits.
